An Increase in the Wage Rate Causes

question 39

Multiple Choice

An increase in the wage rate causes

• A)a rightward shift of the firm's labor demand curve.
• B)a leftward shift of the firm's labor demand curve.
• C)a decrease in the quantity of labor demanded.
• D)an increase in labor's marginal productivity.

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Definitions:

Reference Group

A social group that an individual uses as a standard for self-assessment, influencing attitudes, behaviors, and identities.

Secondary Group

A large, impersonal social group whose members pursue a specific goal or activity.

Sociology Class

An academic course that studies society, social relationships, and social institutions, exploring topics like culture, socialization, groups, and social stratification.

Group Cohesion

The sense of solidarity, unity, and commitment among members of a group, contributing to its stability and the willingness of members to remain part of it.